Grupo Simec, S.A.B. de C.V. (NYSEAMERICAN:SIM – Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $25.77, but opened at $26.89. Grupo Simec shares last traded at $26.89, with a volume of 154 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Grupo Simec from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th.
Check Out Our Latest Stock Report on Grupo Simec
Grupo Simec Price Performance
Grupo Simec (NYSEAMERICAN:SIM – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.00 earnings per share for the quarter. The business had revenue of $452.15 million during the quarter. Grupo Simec had a return on equity of 18.62% and a net margin of 29.44%.
About Grupo Simec
Grupo Simec, SAB. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold-finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products.
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